
December ICE NY cocoa (CCZ25) today is up +11 (+0.19%), and December ICE London cocoa #7 (CAZ25) is up +73 (+1.78%).
Cocoa prices today are posting moderate gains as they move sideways above last week's significant lows. Last Monday, cocoa prices extended their two-month-long decline, with NY cocoa posting a 20-month nearest-futures low and London cocoa posting a 20.5-month nearest-futures low. Cocoa prices remain under pressure due to the outlook for abundant supplies amid weak demand.